Susquehanna International Group Portfolio holdings
Susquehanna International Group (SIG), founded in 1987 by Jeff Yass and a group of friends, is a privately held global quantitative trading and technology firm headquartered in Bala Cynwyd, Pennsylvania. Specializing in trading equities, fixed income, commodities, derivatives, and ETFs, SIG has grown into a major market maker, handling around 600 equity options and 45 index options across exchanges like the CBOE, while employing over 3,000 people worldwide. The firm leverages a data-driven, probabilistic approach—rooted in the founders’ poker-playing days—to provide liquidity and competitive pricing in financial markets, with additional ventures in private equity, venture capital (notably an early investment in ByteDance, TikTok’s parent company), and sports betting analytics. Known for its innovative culture and use of game theory, SIG operates offices across North America, Europe, Asia, and Australia, maintaining a low-profile yet influential presence in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.79B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$576M |
| 3 |
Microsoft
MSFT
|
+$546M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$436M |
| 5 |
JPMorgan Chase
JPM
|
+$324M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$2.48B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.73B |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$765M |
| 4 |
Apple
AAPL
|
+$656M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$526M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.7% |
| 2 | Consumer Discretionary | 1.66% |
| 3 | Financials | 1.18% |
| 4 | Communication Services | 1.07% |
| 5 | Healthcare | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
6201
PUT
Invesco CurrencyShares British Pound Sterling Trust
FXB
$65M
| $1.21M | ﹤0.01% |
9,900
+1,600
| +19% | +$193K |
|
6202
CALL
Honda
HMC
$41B
| $1.21M | ﹤0.01% |
+39,900
| New | +$1.13M |
|
6203
PUT
McEwen Inc
MUX
$1.15B
| $1.21M | ﹤0.01% |
168,100
+58,000
| +53% | +$468K |
|
6204
PUT
Service Corp International
SCI
$11.5B
| $1.21M | ﹤0.01% |
18,700
-60,400
| -76% | -$4.04M |
|
6205
CALL
CVB Financial
CVBF
$4.09B
| $1.21M | ﹤0.01% |
+90,900
| New | +$1.25M |
|
6206
Cogent Communications
CCOI
$579M
| $1.21M | ﹤0.01% |
17,937
-4,404
| -20% | -$288K |
|
|
PENG
6207
PUT
Penguin Solutions Inc
PENG
$3.27B
| $1.21M | ﹤0.01% |
41,600
+12,200
| +41% | +$245K |
|
6208
CALL
Seres Therapeutics
MCRB
$45.6M
| $1.21M | ﹤0.01% |
12,580
+10,340
| +462% | +$1.13M |
|
6209
Towne Bank
TOWN
$3.5B
| $1.2M | ﹤0.01% |
51,846
+3,067
| +6% | +$73.7K |
|
6210
CALL
TAL Education Group
TAL
$6.46B
| $1.2M | ﹤0.01% |
202,000
-2,008,900
| -91% | -$12M |
|
|
KEEL
6211
Keel Infrastructure Corp
KEEL
$2.17B
| $1.2M | ﹤0.01% |
818,289
+100,489
| +14% | +$117K |
|
6212
Zai Lab
ZLAB
$2.91B
| $1.2M | ﹤0.01% |
43,306
+15,757
| +57% | +$515K |
|
6213
CALL
Oxford Industries
OXM
$543M
| $1.2M | ﹤0.01% |
12,200
-3,300
| -21% | -$338K |
|
6214
Televisa
TV
$1.53B
| $1.2M | ﹤0.01% |
233,988
+181,425
| +345% | +$912K |
|
|
SNBR
6215
PUT
DELISTED
Sleep Number
SNBR
| $1.2M | ﹤0.01% |
44,000
-2,100
| -5% | -$48K |
|
6216
Hilltop Holdings
HTH
$2.27B
| $1.2M | ﹤0.01% |
38,145
-37,305
| -49% | -$1.14M |
|
6217
CALL
ProShares Ultra Financials
UYG
$860M
| $1.2M | ﹤0.01% |
26,300
-2,300
| -8% | -$99K |
|
6218
Boyd Gaming
BYD
$6.11B
| $1.2M | ﹤0.01% |
+17,294
| New | +$1.16M |
|
|
EB
6219
DELISTED
Eventbrite
EB
| $1.2M | ﹤0.01% |
125,466
+67,622
| +117% | +$532K |
|
6220
CALL
Schwab International Equity ETF
SCHF
$69.4B
| $1.2M | ﹤0.01% |
67,200
-600
| -0.9% | -$10.7K |
|
6221
CALL
Red Robin
RRGB
$192M
| $1.2M | ﹤0.01% |
86,600
-82,100
| -49% | -$1.1M |
|
6222
PUT
iShares US Oil & Gas Exploration & Production ETF
IEO
$595M
| $1.2M | ﹤0.01% |
14,100
-32,500
| -70% | -$2.73M |
|
6223
Cerence
CRNC
$407M
| $1.2M | ﹤0.01% |
40,964
-1,551
| -4% | -$42.5K |
|
6224
Arteris
AIP
$1.39B
| $1.2M | ﹤0.01% |
175,509
+156,018
| +800% | +$842K |
|
6225
PUT
iShares Russell 3000 ETF
IWV
$20.5B
| $1.2M | ﹤0.01% |
4,700
+2,200
| +88% | +$529K |
|
Similar funds
Susquehanna International Group's Q2 2023 Portfolio in Review
As of Q2 2023, Susquehanna International Group held 13,811 positions worth $492B, up 4.6% from $470B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Susquehanna International Group withdrew a net $23.6B in Q2 2023, closing 1,867 positions and reducing 5,559 holdings. Its most notable exit was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $45.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Susquehanna International Group opened a new position in State Street SPDR Portfolio Aggregate Bond ETF worth $32.9M.
- Susquehanna International Group's largest Q2 2023 buy was State Street SPDR Portfolio Aggregate Bond ETF: 1,297,445 shares worth $32.9M.
- Susquehanna International Group added most to NVIDIA in Q2 2023, an estimated $1.79B increase.
- Susquehanna International Group's biggest Q2 2023 reduction was Invesco QQQ Trust, cutting an estimated $2.48B.
- Susquehanna International Group fully exited Vanguard Intermediate-Term Corporate Bond ETF in Q2 2023, selling an estimated $45.5M.
- Susquehanna International Group's ten largest holdings make up 30% of its $492B portfolio in Q2 2023.
- Susquehanna International Group opened 1,370 new positions and closed 1,867 in Q2 2023.
- Susquehanna International Group's portfolio value rose 4.6% quarter-over-quarter to $492B.
Based on Susquehanna International Group's 13F filing for Q2 2023, filed 11 Aug 2023.